XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 2,189 $ 4,608
Accounts receivable, net 4,749 5,110
Inventory 997 2,845
Prepaid expenses and other current assets 447 1,457
Total current assets 8,382 14,020
Non-current Assets:    
Property and equipment, net 779 1,418
Operating lease right-of-use assets 4,702 5,420
Trademarks and other intangibles, net 43,055 47,665
Equity method investment 17,650 19,195
Deferred tax assets, net 1,107 1,107
Other assets 75 110
Total non-current assets 67,368 74,915
Total Assets 75,750 88,935
Current Liabilities:    
Accounts payable, accrued expenses and other current liabilities 3,621 4,438
Deferred revenue 889 88
Accrued payroll 80 416
Current portion of operating lease obligations 1,219 1,376
Current portion of contingent obligations 847 243
Total current liabilities 6,656 6,561
Long-Term Liabilities:    
Long-term portion of operating lease obligations 4,362 5,839
Deferred revenue 3,875  
Long-term portion of contingent obligations 5,548 6,396
Total long-term liabilities 13,785 12,235
Total Liabilities 20,441 18,796
Commitments and Contingencies
Stockholders' Equity:    
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued and outstanding
Common stock, $.001 par value, 50,000,000 shares authorized, and 19,800,053 and 19,624,860 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 20 20
Paid-in capital 103,804 103,592
Accumulated deficit (47,052) (32,797)
Total Xcel Brands, Inc. stockholders' equity 56,772 70,815
Noncontrolling interest (1,463) (676)
Total Stockholders' Equity 55,309 70,139
Total Liabilities and Stockholders' Equity $ 75,750 $ 88,935